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GEA reports preliminary results for the first quarter of 2017

20 Apr 2017

On the occasion of its Annual General Meeting, GEA released selected preliminary key figures for the first quarter of 2017. At approximately EUR 1,135 million, preliminary order intake was slightly down on the same period last year (EUR 1,144 million). GEA’s preliminary first-quarter revenue increased to approximately EUR 1,000 million (previous year EUR 941 million). Totaling around EUR 95 million, operating EBITDA is also expected to be slightly up compared to the same period last year (EUR 94 million).

“As to year-on-year comparisons of the first quarter’s order intake, one needs to take into account that this year saw over EUR 80 million less in large orders than prior year. Nonetheless, we were able to nearly match last year’s order volume thanks to the solid growth in our base business with small and medium-sized orders“, explained Jürg Oleas, GEA’s CEO. “The macroeconomic uncertainty is likely to intensify over the course of the year. How our individual markets will develop respectively has become even more difficult to forecast from current perspective. It will depend in particular on the development of the second quarter in which area of our guided target range we will come out by the end of the year.”

The Company’s first quarter results for 2017 with detailed figures and explanations will be released on GEA’s website on May 9, 2017.

GEA Group Aktiengesellschaft

About GEA

GEA is one of the largest suppliers of process technology for the food industry and a wide range of other industries. The international technology group focuses on process technology and components for sophisticated production processes in various end-user markets.

In 2016, GEA generated consolidated revenues of about EUR 4.5 billion. The food and beverages sector, which is a long-term growth industry, accounted for around 70 percent. As of September 30, 2017, the company employed about 17,000 people worldwide. GEA is a market and technology leader in its business areas. The company is listed on the German MDAX stock index (G1A, WKN 660 200) and included in the STOXX® Europe 600 Index. In addition, the company is listed in selected MSCI Global Sustainability Indexes.

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GEA is one of the largest suppliers of process technology for the food industry and a wide range of other industries. The international technology group focuses on process technology and components for sophisticated production processes in various end-user markets.

In 2017, GEA generated consolidated revenues of about EUR 4.6 billion. The food and beverages sector, which is a long-term growth industry, accounted for around 70 percent.